Adoption of the Fair Value Measurement Standard
First written in FY2022-Q1. 4 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2023-Q3.
- FY2023-Q3AdvancedAnnual report
「Following application of the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021), gains and losses on the valuation of private equity funds and other investments were newly reflected in accumulated other comprehensive income. However, due to rising domestic and overseas interest rates and widening overseas credit spreads, among other factors, accumulated other comprehensive income decreased by ¥1,124.7 billion from the end of the previous consolidated fiscal year, leaving net assets at ¥9,244.8 billion.」
The Implementation Guidance on Accounting Standard for Fair Value Measurement resulted in the reflection of valuation gains and losses on private equity funds and other investments, while accumulated other comprehensive income decreased by ¥1,124.7 billion due to rising interest rates and widening overseas credit spreads, among other factors. - FY2023-Q1AdvancedAnnual report
「We applied the Implementation Guidance on Accounting Standard for Fair Value Measurement (ASBJ Guidance No. 31, 17 June 2021; hereinafter, the “Fair Value Measurement Guidance”) from the beginning of the first quarter of the current consolidated fiscal year. In accordance with the transitional treatment prescribed in paragraph 27-2 of the Fair Value Measurement Guidance, we decided to apply prospectively the new accounting policies prescribed by the guidance. Accordingly, for certain investment trusts previously recorded at acquisition cost as their carrying amounts on the consolidated balance sheet, we changed to using fair value as their carrying amounts on the consolidated balance sheet.」
The company applied the Fair Value Measurement Guidance from the beginning of the first quarter of fiscal 2022 and changed the valuation of certain investment trusts from acquisition cost to fair value. - FY2022AdvancedAnnual report
「In addition, in the notes on financial instruments, we began providing disclosures on matters including the breakdown of financial instrument fair values by level.」
Following application of the Accounting Standard for Fair Value Measurement, the company disclosed the fair values of financial instruments classified into Levels 1 through 3. - FY2022-Q2AdvancedAnnual report
「In addition, in the notes on financial instruments, we began providing disclosures on matters including the breakdown of financial instrument fair values by level.」
Following application of the Accounting Standard for Fair Value Measurement, the company disclosed the classification of the fair values of financial instruments from Level 1 to Level 3, moving to the operational phase of fair value disclosures. - FY2022-Q1First statedAnnual report
「We applied the Accounting Standard for Fair Value Measurement and other standards from the beginning of the first quarter of the current consolidated fiscal year and decided to apply prospectively the new accounting policies prescribed by those standards. Accordingly, the valuation method for listed shares was changed from the fair value method based on the average market price for the month before the period-end and other factors to the fair value method based on the market price on the period-end date and other factors.」
The company applied the Accounting Standard for Fair Value Measurement and other standards from the beginning of the current quarter and changed the valuation method for shares with quoted market prices.